With the escalation of the war in Ukraine, global energy giants announced that they have halted their operations in Russia without any intention to go into new investments in compliance with US and Europeans sanctions against Russia.
Sidi Kerir Petrochemical Company (SIDPEC)’s Chairman, Mohamed Ibrahim, said that the company is currently studying the project of establishing a new plant to produce polylactic acid as a strategic and environmental alternative to polymers and plastic raw materials to reduce dependence on petrochemicals to comply with environmental laws and requirements.
Minister of Petroleum and Mineral Resources, Tarek El Molla inaugurated, via video conference, the second edition of the “Future of Oil and Gas Exploration in the Red Sea” workshop, which was organized by Ganoub El Wadi Petroleum Holding Company (Ganope) in Hurghada in cooperation with the Society of Exploration Geophysicists (SEG).
Saudi Arabia's Aramco announced that it has achieved a jump in its net profits which more than doubled year-on-year (YoY) by 124% to $110 billion in 2021 compared to $49 billion in 2020.
During the second round of the Indonesia Petroleum Bid Round 2021, PETRONAS announced that its subsidiary PC Ketapang II Ltd has been awarded the North Ketapang block, located onshore and offshore East Java.
The American government announced that it had approved to provide additional exports of liquefied natural gas (LNG) from two major facilities on the U.S. Gulf Coast to Europe, Reuters reported.
United Oil & Gas PLC (United) announced the drilling updates for the development well ASD-2 located in Abu Sennan license, in which United owns a 22% working interest.
Equinor and its partners, together announced that they will intensify their production to meet the gas demand in Europe during summer months.
Wintershall Dea AG disclosed that German Khan has informed its board that he resigns from his position as member of the Supervisory Board of Wintershall Dea AG with immediate effect.
Cairo, March 14, 2022 – Methanex Corporation Senior Vice President Brad Boyd today met with H E Minister of Petroleum and Mineral Resources Tarek El-Molla. The meeting was attended by Mohamed Shindy, Methanex Egypt Managing Director, Eric Oechslin International Labor Organization Cairo Office Director and representatives of the ILO and the Canadian Embassy in Cairo. The meeting was held to celebrate the most recent milestone of the Methanex-ILO Project ‘Decent Jobs for Egypt’s Young People – Tackling the Challenge Together in Damietta’ – a protocol agreement held with the Chamber of Food Industries of the Federation of the Egyptian Industries, providing Training for Employment to 100 young women and men from Damietta, to be employed by food enterprises in the Governorate of Damietta.
